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AuditPay

CT's AuditPay® System

AuditPay® Provides shippers with a pre-audit and accurate payment of freight bills. Client freight rates are updated online in the CT FreitRater® software system resulting in invoices that are analyzed and paid based on the most current rates available.

Common terms and definitions used during the AuditPay® process are listed below.

Air Transport - The commercial enterprise of moving goods and materials.

Barge - The cargo-carrying vehicle used primarily by inland water carriers.

Customs Brokerage - This is a profession that involves the "clearing" of goods through customs barriers for importers and exporters (usually businesses). This involves the preparation of documents and/or electronic submissions, the calculation and payment of taxes, duties and excises, and facilitating communication between government authorities and importers and exporters.

Couriers/Messenger - A fast door-to-door service for high-valued goods and documents; firms usually limit service to shipments of 50 or less.

Flat Bed - An open truck bed or trailer with no sides, used to carry large objects such as heavy machinery, cars, or houses.

Forwarding

Haulaway

Household Goods

Intermodal - The process of involving two or more different modes of transportation in conveying goods.

International - Charges for freight being shipped between countries.

LCL - A quantity of freight less that that required for the application of a container rate when shipping over seas.

LTL - A quantity of freight less than that required for the application of a truckload rate, usually less than 10,000 pounds. These smaller loads are consolidated by an LTL carrier into one vehicle headed for multiple destinations.

Ocean

Parcel

Pipeline - Charges for goods that are shipped using a pipeline.

Rail

Specialized - A common carrier trucking company that has authority to haul special commodity.